MANAGEMENT BY OBJECTIVES Definition

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MANAGEMENT BY OBJECTIVES (MBO) is a management theory that calls for managing people based on documented work statements mutually agreed to by manager and subordinate. Progress on these work statements is periodically reviewed, and in a proper implementation, compensation is usually tied to MBO performance.

Learn new Accounting Terms

CONVERTIBLE NOTE see CONVERTIBLE DEBT.

WRITE-DOWN is the reduction in the book value of an asset.

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